Horsehide Harry
<B>Mr. Free Trade</B>
high top tax rate =! socialism.
and, still no. players will not leave the USA to go live in japan a majority of the year, regardless of marginal tax rates. the stars won't have more earning power in japan regardless.
our highest marginal rate is 39.6% with tons of loopholes. why aren't the worlds best soccer players coming here rather than playing in Germany, Italy, Spain, etc?
Again, it was answer to a hypothetical, one where it was stated that the tax rate goes to 70% or above.
As for soccer players, they also play where the money is. The average MLS salary was about $175 in 2018. The EPL was $3.2M. La Liga $1.6M. Manchester United had an average player salary of $7.6M.
Even with higher tax rates, they make more money. That is possible because MLS isn't really a thing in the US in comparison to European leagues. But, if the effective tax rates in Europe forced the comp levels below the effective levels of MLS, then you would see an influx of talent into the US which would improve the play and eventually increase the level of fan interest and franchise value and TV contracts which would, in theory, make the MLS even more attractive. Right now, it's not that way.
People go play where they can make the most money. That's the crux of the argument from the beginning.